IPO

Shree Marutinandan Tubes Limited IPO

BSE SME

Listed On: Jan 19, 2024 at ₹ 200.0

₹ 286000 /2000 Shares
*Min Investment

Check Allotment

12 Jan, 2024

Open Date

16 Jan, 2024

Close Date

17 Jan, 2024

Allotment Date

19 Jan, 2024

Listing Date
Shree Marutinandan Tubes Limited IPO Issue Details
  • Issue Price ₹143 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 10,00,000 shares(aggregating up to ₹14.3 crore)
  • Fresh Share 10,00,000 shares(aggregating up to ₹14.3 crore)
  • Listing at BSE SME
  • List Price 200.0
  • Listing Date 2024-01-19
  • Lead Manager Swastika Investmart Ltd
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)11000₹1,43,000
Retail(max)11000₹1,43,000
NII (min) 22,000₹2,86,000
Shree Marutinandan Tubes Limited IPO Reservation

Shree Marutinandan Tubes Limited IPO offers total 1,000,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,475,000 (47.5%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered50,000 (5%)
Retail Shares Offered475,000 (47.5%)
Total Shares Offered1,000,000 (100%)
Shree Marutinandan Tubes Limited IPO Documents
DRHP
RHP
Shree Marutinandan Tubes Limited IPO Details


Shree Marutinandan Tubes Limited IPO is an SME IPO, priced at ₹143 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 10,00,000 equity shares, aggregating up to ₹14.3 crores..

The IPO bidding window is open from Jan 12, 2024 to Jan 16, 2024. The allotment is expected to be finalized on Jan 17, 2024, and the tentative listing date is Jan 19, 2024.

The minimum lot size for Retail investors is 1000 shares, with a minimum investment of ₹1,43,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,86,000.

Swastika Investmart Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Swastika Investmart Limited will act as the market maker for this issue.

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Shree Marutinandan Tubes Limited IPO Subscription Analysis And Details
Retail
59.67x
Total
47.20x
As onQIB / NIIRetailTotal
Shares Offered / Reserved475,000475,000950,000
Day 1 12-01-24 06:00 PM
3.67 x6.69 x5.18 x
Day 2 15-01-24 06:00 PM
9.71 x30.32 x20.02 x
Day 3 16-01-24 06:00 PM
34.73 x59.67 x47.20 x
Total No of Applications
32,455
Shree Marutinandan Tubes Limited Valuations
EPS Pre IPO ₹6.39/-
EPS Post IPO ₹8.77/-
P/E Pre IPO 13.31
P/E Post IPO 9.69
ROE 120.91%
ROCE 78.52%
Debt/Equity 2.68
RoNW 75.36%
Price to Book Value 1.09
Shree Marutinandan Tubes Limited Company Financials
In Lakhs
In Lakh
31-Mar-2331-Mar-2231-Mar-21
Assets1,617.601,284.831,301.03
Revenue4,722.584,718.493,597.28
Profit After Tax201.766.0113.30
Net Worth267.7465.9859.98
Reserves & Surplus247.2445.4839.48
Total Borrowing716.90688.89795.31
About Shree Marutinandan Tubes Limited Company

Incorporated in 2013, Shree Marutinandan Tubes Limited dealing in Galvanized Tubes, Electrical Resistance Welded Mild Steel Tubes in varied specifications and sizes as 15NB to 1000 NB and Black Tubes and Solar Structural Tubes for areas that include Agriculture, Oil, Solar Energy, Healthcare, Housing, Irrigation, Engineering etc.

It does not manufacture equipment from the house; it takes manufacturing of its product in accordance with customer requirements and uses contract manufacturers from Shree Kamdhenu Machinery Private Limited for its work.

Besides these two machines, products are available such as potato harvesters, grading machines, hoppers, peanut destoners, tube winders, rotavators.

By 25th December, 2023, it employed 14 individuals.

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Shree Marutinandan Tubes Limited - Promoter(s)

Mr. Vikram Shivratan Sharma

Mr. Bharat Shivratan Sharma

Mrs. Kusumlata Shivratan Sharma

Pre Issue Share Holding : 82.00%

Post Issue Share Holding : 58.30%

Shree Marutinandan Tubes Limited IPO - Issue Objectives
1

To Meet Incremental Working Capital Requirements

2

General Corporate Purpose

3

To meet Public Issue Expenses.

Shree Marutinandan Tubes Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Shree Marutinandan Tubes Limited8.2N/A130.617.4475.361.09Standalone
Swastik Tubes Limited4.53N/A89.6717.514.4N/AStandalone
Hi Tech Pipes Limited2.35N/A28.0933.987.87N/AStandalone
APL Apollo Tubes Limited18.47N/A13.2565.2619.91N/AStandalone

Notes:

  1. Basic & diluted Earnings per share (EPS) is calculated on the weighted average number of shares after considering the Bonus Issue of Shares.
  2. Price Earning (P/E) Ratio is in relation to the offer price of ₹143.00 per share for the issue company and for peer companies, based on prices as of March 31, 2023.
  3. The face value of Equity Shares of our Company is ₹10 per Equity Share, and the issue price is 14.30 times the face value.
  4. The issue price of ₹143.00 is determined by our Company in consultation with the Lead Manager and is justified based on the above accounting ratios.
Contact Details

Shree Marutinandan Tubes Limited

A-21, Second Floor, Amrapali Complex, S.P Ring Road, Bopal, Ahmedabad – 380058

+91 079-29795873

cs@shreemarutitubes.com

https://www.shreemarutitubes.com/index.php

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html